Stifel Nicolaus Cuts Parsons (NYSE:PSN) Price Target to $66.00

Parsons (NYSE:PSN) had its target price trimmed by Stifel Nicolaus from $79.00 to $66.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on PSN. KeyCorp downgraded shares of Parsons from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 14th. Robert W. Baird reiterated a “neutral” rating and set a $60.00 price objective on shares of Parsons in a report on Monday, April 13th. BNP Paribas Exane set a $65.00 price objective on Parsons and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Weiss Ratings lowered Parsons from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Zacks Research raised Parsons from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Parsons presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.82.

Parsons Price Performance

PSN opened at $44.37 on Thursday. The business’s 50-day moving average is $55.09 and its two-hundred day moving average is $58.10. Parsons has a 1 year low of $36.26 and a 1 year high of $89.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.66 and a quick ratio of 1.75. The firm has a market capitalization of $4.74 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.66.

Parsons (NYSE:PSN) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.76 by ($0.82). Parsons had a net margin of 2.50% and a return on equity of 8.10%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts anticipate that Parsons will post 2.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director George L. Ball acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $50.00 per share, with a total value of $500,000.00. Following the completion of the acquisition, the director owned 150,383 shares of the company’s stock, valued at approximately $7,519,150. This trade represents a 7.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Carey A. Smith acquired 12,500 shares of Parsons stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $49.97 per share, with a total value of $624,625.00. Following the completion of the purchase, the chief executive officer owned 575,376 shares of the company’s stock, valued at approximately $28,751,538.72. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 32,500 shares of company stock valued at $1,637,325. 1.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Parsons

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Parsons by 160.0% during the 2nd quarter. GAMMA Investing LLC now owns 949 shares of the company’s stock valued at $50,000 after acquiring an additional 584 shares during the period. Versant Capital Management Inc increased its stake in shares of Parsons by 183.6% in the second quarter. Versant Capital Management Inc now owns 553 shares of the company’s stock worth $29,000 after acquiring an additional 358 shares during the period. Keel Point LLC purchased a new position in shares of Parsons during the first quarter worth $218,000. Henshaw Capital LLC lifted its position in Parsons by 49.7% during the first quarter. Henshaw Capital LLC now owns 17,834 shares of the company’s stock valued at $966,000 after purchasing an additional 5,923 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in Parsons by 4.0% during the first quarter. Sunbelt Securities Inc. now owns 38,560 shares of the company’s stock valued at $2,089,000 after purchasing an additional 1,500 shares during the period. 98.02% of the stock is owned by hedge funds and other institutional investors.

Parsons News Summary

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: UBS, Stifel Nicolaus, Truist Financial and Barclays maintained bullish ratings, although each reduced its price target. The revised targets—$58 from UBS, $66 from Stifel, $60 from Truist and $60 from Barclays—still imply meaningful upside from recent levels. UBS price target article
• Positive Sentiment: Management highlighted strong bookings, strategic growth opportunities and a planned divestiture targeted for completion in the third quarter. Parsons is forecasting 2026 revenue of $6.2 billion to $6.5 billion, which could support longer-term execution if project issues are resolved. Parsons outlook article
• Neutral Sentiment: Multiple law firms announced investigations into possible securities-law violations following the earnings disclosure. These announcements are investor solicitations and do not establish wrongdoing, but they add headline and potential litigation risk. Parsons securities investigation article
• Negative Sentiment: Parsons reported second-quarter adjusted EPS of negative $0.06 versus the $0.76 analyst consensus, with revenue of $1.59 billion below the $1.61 billion estimate. Net income fell by $70 million year over year, adjusted EBITDA declined 72%, and the adjusted EBITDA margin contracted by 670 basis points.
• Negative Sentiment: The company cut 2026 revenue guidance to $6.2 billion–$6.5 billion from $6.5 billion–$6.8 billion and adjusted EBITDA guidance to $500 million–$560 million from $615 million–$675 million. Parsons cited a terminated fixed-price contract, project delays, portfolio-shaping actions and a joint-venture program charge. Parsons guidance cut article

Parsons Company Profile

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.